The Extra Mile Education Foundation Inc

Analysis

The Extra Mile Education Foundation Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Extra Mile Education Foundation Inc reported income of $2.8m and spending of $4.3m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.8m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 148% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Extra Mile Education Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Cincinnati Ohio Electrical Joint Apprenticeship & Training Trust Fu ($2.8m), Suny Maritime Foundation Inc ($2.8m) and Saint Ambrose Academy ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $153k (3.6% of expenses). Other salaries and wages came to $256k. At year end it held assets of $15.8m against liabilities of $266k, net assets of $15.5m. It reported 5 employees.